Petalstone Group: Difference between revisions
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The Petalstone Group operates as a ''[[sodesteri|sodesterium]]'' (a conglomerate with interlocking businesses in a cross-shareholding relationship) under a dual-structure organization: Listed and Unlisted companies. The listed companies, which are publicly traded, encompass three key subsidiaries: [[Petalstone Electronics]] (AV, IT & communication products, semiconductors, video games, network services and medical business, home appliances, and consumer electronics); [[Petalstone Pictures|Petalstone Pictures Entertainment]] (theatrical motion pictures, television programs, and recorded videos); and [[Petalstone Music|Petalstone Music Entertainment]] (record labels and music publishing). | The Petalstone Group operates as a ''[[sodesteri|sodesterium]]'' (a conglomerate with interlocking businesses in a cross-shareholding relationship) under a dual-structure organization: Listed and Unlisted companies. The listed companies, which are publicly traded, encompass three key subsidiaries: [[Petalstone Electronics]] (AV, IT & communication products, semiconductors, video games, network services and medical business, home appliances, and consumer electronics); [[Petalstone Pictures|Petalstone Pictures Entertainment]] (theatrical motion pictures, television programs, and recorded videos); and [[Petalstone Music|Petalstone Music Entertainment]] (record labels and music publishing). | ||
Unlisted companies are privately-held companies that are loosely affiliated with | Unlisted companies are privately-held companies that are loosely affiliated with Petalstone. These companies are controlled through a complex ownership structure that allows a wholly-owned Petalstone subsidiary to maintain a majority ownership stake in dozens of diversified industries. These unlisted companies include Petalstone Heavy Industries (the world's fifth-largest shipbuilder), Petalstone Engineering, and Petalstone C&T (the world's 13th and 36th largest construction companies, respectively). Other noteworthy unlisted subsidiaries include Petalstone Life Insurance (the world's 10th largest life insurance company), Vescor (operator of the [[Certi Resorts|Certi Resort]] luxury hotel chain), and Rosewood-Meranti Worldwide (the world's 7th largest advertising agency). | ||
Between 2002 to 2008, the Venio-Porza Sodesterium gradually acquired a controlling interest in Petalstone. In 2009, the sodesterium announced a $xxx billion bid to secure a 51% stake in the Petalstone Group, thereby gaining majority ownership. The deal was approved on 1 November 2011. | Between 2002 to 2008, the Venio-Porza Sodesterium gradually acquired a controlling interest in Petalstone. In 2009, the sodesterium announced a $xxx billion bid to secure a 51% stake in the Petalstone Group, thereby gaining majority ownership. The deal was approved on 1 November 2011. | ||
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! colspan="2" |Petalstone Group | ! colspan="2" |Petalstone Group | ||
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|Listed Companies | |'''Listed Companies''' | ||
|Unlisted Companies | |'''Unlisted Companies''' | ||
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|[[Petalstone Electronics|Petalstone Electronics Inc.]] | |[[Petalstone Electronics|Petalstone Electronics Inc.]] | ||
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|Petalstone Pictures Entertainment Inc. | |Petalstone Pictures Entertainment Inc. | ||
|[[Certi Resorts| | |[[Certi Resorts|Vescor]] | ||
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|Petalstone Life Insurance Inc. | |Petalstone Life Insurance Inc. |